The unanimous Thursday decision clears the way for Santa Monica-based Activision -- the company behind the "Call of Duty" franchise -- and the investor group to close the $8.2-billion deal that will leave Paris-based Vivendi with a 12% stake in the company.

This reverses last month's decision by the Delaware Chancery Court that preliminarily enjoined the transaction after Douglas Hayes, an Activision shareholder, sued the company, Vivendi and the investor group. In the suit, Hayes contended the deal should have been put to Activision's shareholders for a majority vote.

Only a handful of movies qualify for the exclusive club of films that have taken in more than $1 billion in worldwide box office -- and only two have made more than $2 billion. By Charles Fleming | Source: Los Angeles Times, Box Office Mojo

A U.S. court has handed down a preliminary decision to temporarily halt video game publisher Activision Blizzard Inc. and a group of investors from buying back most of Vivendi SA's stake in the company.

Investors reacted positively Friday morning to news that Activision Blizzard Inc. would buy back $5.8 billion in shares from its French parent company Vivendi and become an independent video game publisher.

Parents, get ready for more nautical nonsense. Viacom Inc.'s Nickelodeon has made a deal with Activision Blizzard Inc.'s publishing arm to develop and publish video games based on the network's cartoon "SpongeBob SquarePants."

If you’re one of the hundreds of thousands of Grateful Dead fans who got shut out of tickets for the band’s 50th anniversary shows July 3-5 in Soldier Field, promoter Peter Shapiro has some good news for you.

Conan O'Brien entertains hundreds of thousands of people each year. On a recent clandestine trip to Cuba, however, the TBS latenight host had to please just one - and for several harrowing minutes, thought he had failed.